Core Viewpoint - The introduction of the "Interbank Certificate of Deposit (NCD) Buy/Sell Power Comparison Index" by Xinhua Finance enhances the monitoring of short-term liquidity in the bond market, providing a comprehensive tool for understanding market sentiment and institutional trading dynamics [1][4]. Group 1: Index Overview - The NCD Buy/Sell Power Comparison Index focuses on highly liquid and actively traded money market instruments, filling a gap in short-end trading sentiment monitoring [1]. - The index is based on real-time trading data, tracking the buy/sell behavior of different types of institutions during specific time periods, resulting in a quantifiable sentiment indicator [1]. - The index value ranges from -100 to 100, where absolute values indicate the strength of buy/sell power comparison, with positive values indicating stronger buying power and negative values indicating stronger selling power [1]. Group 2: Institutional Classification and Trends - The index supports five types of institutions: banks, securities firms, broad-based funds, insurance companies, and other types [2]. - Recent data shows significant institutional differentiation in the NCD market, with banks showing a strong net buying position, while insurance and fund institutions are reducing their holdings, indicating a potential shift in market sentiment [4]. Group 3: Functionality and User Access - The "Bond Market Sentiment Radar" aggregates various real-time information, including the NCD Buy/Sell Power Comparison Index and market trends, allowing investors to gain insights into market depth and efficiency [4]. - Users can access the "Bond Market Sentiment Radar" through the Xinhua Finance professional terminal or integrate the index's real-time data into their internal systems for tailored business applications [6].